Abdulla Al-Sumait, deputy CEO, South and East Kuwait, Kuwait Oil Company, spoke exclusively to Pipeline about the significance of the giant Burgan field which is at the centre of Kuwait’s oil industry.
Pipeline speaks with Hussain Shehab, the newly-appointed Country chairman for Kuwait for solar-powered enhanced oil recovery (EOR) pioneer, GlassPoint, on his thoughts for the improvements this technology can bring for the country’s oil and gas sector.
A Kuwait Energy-led consortium and the Iraqi Ministry of Oil have signed the final service contract for the exploration, development and production of Basras block 9.
Egyptian General Petroleum Corporation signs onto 10 per cent stake of Block 9 in southern Iraq in deal with Kuwait Energy.
Employee cull due to ongoing disputes between two countries includes Saudi nationals.
Kuwait has increased its crude oil production levels by 220,000 bpd in 2015, an increase of 7.6 per cent compared to 2014.
In addition to the new discoveries in the north and west of Kuwait, two wells had also been drilled which will boost Kuwait's output.
GlassPoint hires long-time Kuwait Oil Company veteran to head up its newly-opened Kuwait office.
Of all the GCC states, every year, major OPEC exporter Kuwait seems to struggle acutely with finding enough gas to increase oil production AND power its growing economy.
Kuwait's oil and gas minister has said that the country would be prepared to freeze its production levels on the condition that other key producers would also follow suit.
The new field is located in Al-Jathatheel in western Kuwait, and is believed to contain significant reserves of light oil and gas.
The Khafji field is located in the neutral-zone , which is shared between Saudi Arabia and Kuwait. It is capable of producing around 300,000 barrels of oil per day.
7,000 Kuwaiti oil and gas workers have gone on strike over government plans to pass new legislation on how it pays its public sector workers.
Sources at the country’s ministry of finance revealed that Kuwait will be offering a limited number of shares in its oil sector to private investors.
Qatar's Minister Al Sada highlights higher global GDP growth in 2016 presenting upward pressure on OPEC oil demand.